WHI Solutions Named to Deloitte's 2007 Technology Fast 500
Attributes its Revenue Growth to rapid adoption of its Nexpart on demand ebusiness suite.
RYE BROOK, N.Y., Oct. 23 -- WHI Solutions (Wrenchead), a leading provider of on demand business management solutions for manufacturers, distributors, retailers and their customers, today announced that it ranked 361 on Deloitte's 2007 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage of fiscal year revenue growth over five years, from 2002-2006.
Bryan Murphy, CEO of WHI Solutions, credits the WHI Team with the company's remarkable revenue growth of over 400% from 2002-2006. Murphy said, "We have great people, who listen to our customers and provide them with great products. Our on demand business management suite helps our customers grow faster and takes cost out of doing business. The faster they grow, the faster we grow."
"Deloitte's Technology Fast 500 recognizes technology companies who have achieved extraordinary growth in North America's most innovative and competitive sectors," said Phil Asmundson, vice chairman, U.S. Technology, Media and Telecommunications, Deloitte & Touche USA LLP. "We congratulate WHI on this significant accomplishment."
Overall, companies that ranked on the 2007 Technology Fast 500 had growth rates ranging from 253 to 79,060 percent over five years, with an average growth rate of 1,823 percent.
Fast 500 Selection and Qualifying Criteria
The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte's 16 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2002 to 2006.
Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD, and current-year operating revenues must be at least $5 million USD or CD. Companies must be in business a minimum of five years, and they must be headquartered within North America.
About WHI
One of the fastest growing software companies in America, WHI provides on demand business management solutions to over 1600 large and small companies in the Automotive, Hard goods and Electrical distribution markets, including over 22 Fortune 500 customers. WHI products and services are used by over 100,000 users to increase their effectiveness and efficiency. Products are specialized for use by manufacturers, distributors, retailers, and their customers. Investors in WHI, Inc. include Polaris Venture Partners, MidMark Capital, Goldman Sachs and Starboard Capital. www.whisolutions.com
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. Deloitte Touche Tohmatsu is an organization of member firms around the world devoted to excellence in providing professional services and advice, focused on client service through a global strategy executed locally in nearly 140 countries. With access to the deep intellectual capital of approximately 150,000 people worldwide, Deloitte delivers services in four professional areas-audit, tax, consulting, and financial advisory services-and serves more than 80 percent of the world's largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global companies. Services are not provided by the Deloitte Touche Tohmatsu Verein, and, for regulatory and other reasons, certain member firms do not provide services in all four professional areas.
As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu," or other related names.